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Ark Restaurants Corp. Stock Forecast NASDAQ:ARKR

$15.95 (0%)

Volume: 9k

Closed: Oct 15, 2021

Hollow Logo Score: -0.654

Ark Restaurants Corp. Stock Forecast

$15.95 (0%)

Volume: 9k

Closed: Oct 15, 2021

Score Hollow Logo -0.654
Which way will ARKR go? Request
Stop-loss: $15.23 (-4.54%)
Key Stats
Beta 1.33
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 53 and the stock is currently not being overbought or oversold

Ark Restaurants Corp. stock price ended on $15.95 on Friday after losing 0%
(Updated on Oct 15, 2021)


Hold candidate since 2021-10-14

No changes to the price of Ark Restaurants Corp. stock on the last trading day (Friday, 15th Oct 2021). During the day the stock fluctuated 3.24% from a day low at $15.57 to a day high of $16.08. The price has risen in 7 of the last 10 days and is up by 2.9% over the past 2 weeks.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $16.15 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ark Restaurants Corp. stock with a 90% probability to be traded between $14.29 and $15.88 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The Ark Restaurants Corp. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.84 and $15.82. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, August 27, 2021, and so far it has fallen -2.15%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Ark Restaurants Corp. finds support from accumulated volume at $15.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.50 between high and low, or 3.24%. For the last week the stock has had a daily average volatility of 1.49%.

Our recommended stop-loss: $15.23 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 34 days ago.)

Is Ark Restaurants Corp. stock A Buy?

Ark Restaurants Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.654

Predicted Opening Price for Ark Restaurants Corp. of Monday, October 18, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price October 18, 2021 Current price
$15.87 $15.95 (Overvalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.49 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.49 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $16.16
Price: $15.95
Support: $15.88

ARKR Insider Trading Show all Trades

INSIDER POWER

1.747

Last 100 transactions
Buy: 449 750 | Sell: 257 451 (Shares)
Date Action Amount Person Type
Nov 19, 2020 Buy 7 500 Sirica Anthony Stock Option Right to Buy
Feb 03, 2020 Buy 15 000 Sirica Anthony Stock Option Right to Buy
Jan 16, 2020 Sell 1 500 Weinstein Michael Lawrence Common Stock
Jan 08, 2020 Sell 500 Weinstein Michael Lawrence Common Stock
Jun 05, 2018 Sell 19 500 Gordon Paul Common Stock
Show all Insider Trades
INSIDER POWER

1.747

Last 100 transactions
Buy: 449 750 | Sell: 257 451 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 16.37 2.63 %
16.18 1.42 %
16.06 0.68 %
Current price: 15.95
Support 15.67 -1.74 %
15.55 -2.49 %
15.36 -3.70 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 16.85 5.64 %
16.29 2.13 %
16.16 1.30 %
Current price 15.95
Support 15.88 -0.44%
15.82 -0.82%
15.76 -1.19%

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About Ark Restaurants Corp.

Ark Restaurants Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of October 3, 2015, it owned and/or operated 22 restaurants and bars, including 6 facilities located in New York City; 3 in Washington, D.C.; 6 in Las Vegas, Nevada; 3 in Atlantic City, New Jersey; 1 at the Foxwoods Resort Casino in Ledyard, Connecticut; 1 in the Faneuil Hall Marketplace in Boston, Massachusetts; and 2 on the east coas... Read more

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